Bitcoin Futures (BTC) — Contract Specifications
CME · Cryptocurrency
Cash settled against CME's own benchmark rate rather than any single exchange's price.
Contract specifications
| Exchange symbol | BTC |
|---|---|
| Exchange | CME |
| Contract size | 5 bitcoin |
| Minimum tick | $5.00 per bitcoin |
| Value per tick | $25.00 |
| Contract months | Monthly, plus quarterly Mar/Jun/Sep/Dec |
| Settlement | Cash settled to the CME CF Bitcoin Reference Rate |
| Trading hours | 24/7 on CME Globex (since 29 May 2026) |
What one tick is worth
The minimum price increment is $5.00 per bitcoin. Because the contract covers 5 bitcoin, each tick is worth $25.00 per contract.
This contract is cash settled, so there is no delivery obligation and no first notice day. Positions settle in cash against the reference price.
Other contracts on this market
| Contract | Size | Per tick |
|---|---|---|
| Micro Bitcoin MBT · CME | 0.1 bitcoin | $0.50 |
| Ether ETH · CME | 50 ether | $25.00 |